GROVE CITY COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$124,522,482
Program Services
61%
Contributions
25%
Other
12%
Investments
2%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$99,316,108
Salaries & Benefits
45%
Other
17%
Grants
12%
Depreciation
11%
Offices, Occupancy & IT
11%
Fees to Service Providers
3%
Advertising & Promotion
1%
Interest
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$99,726,334
$31,615,572
-68%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$73,117,122
$75,821,686
+4%
Membership Dues
$0
$0
-
Investments
$1,663,379
$2,070,044
+24%
Other
$3,999,820
$15,015,180
+275%
Total Revenues
$178,506,655
$124,522,482
-30%
Expenses
2024
2025
Change
Grants
$10,745,624
$12,098,419
+13%
Benefits to Members
$0
$0
-
Salaries & Benefits
$41,828,254
$44,360,717
+6%
Fees to Service Providers
$1,468,614
$3,158,006
+115%
Advertising & Promotion
$1,221,667
$1,321,719
+8%
Offices, Occupancy & IT
$10,412,998
$10,665,347
+2%
Interest
$360,455
$320,490
-11%
Depreciation
$10,802,064
$10,812,336
+0%
Other
$15,194,505
$16,579,074
+9%
Total Expenses
$92,034,181
$99,316,108
+8%
Net income
2024
2025
Change
Net income
+$86,472,474
+$25,206,374
-71%
Functional Expenses
Summary
2024
2025
Change
Program
$74,295,243
$79,672,761
+7%
Admin
$14,986,127
$16,668,440
+11%
Fundraising
$2,752,811
$2,974,907
+8%
Total Expenses
$92,034,181
$99,316,108
+8%
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